TBO Tech IPO: IPOs of many companies are going to open in the stock market next week. TBO Tech is also included in the list of these companies. The company is trying to raise Rs 1550.81 crore through IPO. Let us tell you that the company has announced the price band on Friday.
When the RBI lifted the ban, investors rushed to buy shares, sending prices soaring by 8%
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What is the price? (TBO Tech IPO Price Band)
The TBO Tech IPO will be open from May 8 to May 10. The company’s IPO price band has been fixed at Rs 875 to Rs 920 per share. The lot size of this IPO is 16 shares. Due to which the retail investor has to bet at least Rs 14,720.
The company will issue 43 lakh new shares through IPO. At the same time, 1.25 crore shares will be issued under the Offer for Sale. Let us tell you that the company will be listed on both BSE and NSE.
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Company performs well in gray market (TBO Tek IPO GMP Today)
According to InvestorsGain report, TBO Tech IPO today i.e. Friday Rs. 395 is trading at a premium. That is, the listing of the company in the stock market can be 1315 rupees per share. If this happens, investors can gain more than 42 percent on the first day.
TBO Tech is the country’s leading travel distribution company. The company currently does business in more than 100 countries.